PMDIX vs. PEY
Compare and contrast key facts about Principal Small-MidCap Dividend Income Fund (PMDIX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
PMDIX is managed by Principal. It was launched on Jun 6, 2011. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMDIX or PEY.
Key characteristics
| PMDIX | PEY | |
|---|---|---|
| YTD Return | 11.43% | 6.04% |
| 1Y Return | 26.56% | 16.45% |
| 3Y Return (Ann) | 9.51% | 8.60% |
| 5Y Return (Ann) | 8.59% | 8.25% |
| 10Y Return (Ann) | 8.61% | 10.07% |
| Sharpe Ratio | 1.46 | 0.91 |
| Daily Std Dev | 16.61% | 16.33% |
| Max Drawdown | -46.47% | -72.82% |
| Current Drawdown | -0.87% | -0.69% |
Correlation
The correlation between PMDIX and PEY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PMDIX vs. PEY - Performance Comparison
In the year-to-date period, PMDIX achieves a 11.43% return, which is significantly higher than PEY's 6.04% return. Over the past 10 years, PMDIX has underperformed PEY with an annualized return of 8.61%, while PEY has yielded a comparatively higher 10.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PMDIX vs. PEY - Expense Ratio Comparison
PMDIX has a 0.85% expense ratio, which is higher than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
PMDIX vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Small-MidCap Dividend Income Fund (PMDIX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PMDIX vs. PEY - Dividend Comparison
PMDIX's dividend yield for the trailing twelve months is around 1.95%, less than PEY's 4.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMDIX Principal Small-MidCap Dividend Income Fund | 1.95% | 2.37% | 6.95% | 0.98% | 1.37% | 2.82% | 17.83% | 5.77% | 2.84% | 4.78% | 4.64% | 4.41% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.35% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% | 3.28% |
Drawdowns
PMDIX vs. PEY - Drawdown Comparison
The maximum PMDIX drawdown since its inception was -46.47%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for PMDIX and PEY. For additional features, visit the drawdowns tool.
Volatility
PMDIX vs. PEY - Volatility Comparison
Principal Small-MidCap Dividend Income Fund (PMDIX) has a higher volatility of 4.59% compared to Invesco High Yield Equity Dividend Achievers™ ETF (PEY) at 3.47%. This indicates that PMDIX's price experiences larger fluctuations and is considered to be riskier than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.